Disasters

06.14.11

Japan to Compensate Nuclear Victims

Japan Ministry of Defense / Kyodo / Landov

Japanese citizens who have lived away from their homes for months due to the Fukushima Daiichi nuclear crisis will at least receive compensation: The Japanese cabinet has approved a compensation package that could reach $124 billion, paid out to tens of thousands of people. The government will set up a fund and issue a special bond so that Fukushima Daiichi’s operator, Tepco, can pay compensation. Tepco would, over an unspecified number of years, repay the government in full.